Fiscal Policy
The concept of fiscal policy
The macroeconomic policy objectives of the Australian Government
The different budget outcomes, i.e. balanced, surplus and deficit budgets
Reasons for differences between planned and actual budget outcomes
Methods of financing a budget deficit and the impact of government debt
The distinction between automatic fiscal stabilisers and discretionary fiscal policy
The impact of expansionary and contractionary fiscal policy stances on the level of economic activity using the AE and AD/AS model
Strengths and weaknesses of fiscal policy
Fiscal policy stances in Australia over the last three years
You should download this free resource.
But... if you want guaranteed top-quality content, you should also check out ATARNotes+!
1,000+ trusted books, tests, flashcards, videos, exams and text guides.
Browse AllHave some notes you would like to share?
Help other students with your contribution and earn leaderboard points!
We hope this download helps!
But... if you want guaranteed top-quality content, you should also check out ATARNotes+!
1,000+ trusted resources.
Browse All
Sponsored by the Victorian Government - Department of Education
Become a kinder teacher or educator and make a difference.
Working in early childhood education can shape the lives of young Victorians, and with scholarships and study support it could shape your life too.